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Company or
Alcanna ) (TSX: CLIQ) today announced that Kristina Williams, LL.M., MBA, ICD.D has been appointed to its Board of Directors effective as of today’s date.
“Alcanna is honoured that Kristina Williams has agreed to serve on our board of directors”, said Board Chair, John Barnett. “Her experience and deep skill set across many areas of expertise will be a valuable addition to Alcanna’s board.”
Ms. Kristina Williams is currently the President and CEO of Alberta Enterprise Corporation (“
AEC”) and oversees the management of the Alberta Enterprise Fund with its 21 venture capital fund investments and the underlying portfolio of more than 200 technology companies. Ms. Williams also oversees AEC s industry development activities, creating access to external markets and mentors for Canadian entrepreneurs.
n
y”) provides an update with respect to the hearing to approve the Company’s previously announced proposal (as amended from time to time, the “
Proposal”) under the
Bankruptcy and Insolvency Act (Canada) (the “
BIA”). On December 21, 2020, the Ontario Superior Court of Justice (Commercial List) granted an order (the “
Approval
Order”) approving the Proposal in accordance with its terms and the BIA.
Pursuant to the Proposal, the Company will implement a recapitalization of the Company’s outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures and all other debts of the Company (the “
Recapitalization”). Further details regarding the material terms of the Proposal are set out in the Company’s news releases dated November 23, 2020 and December 10, 2020. KSV Restructuring Inc. is acting the proposal trustee in respect of the Proposal (in such capacity, the “